Mercedes Benz logoDaimler is reacquiring a stake in its old division Tognum, which supplies diesel engines and driveshafts to the German automaker. Daimler will buy the 22.3% stake for 585 million Euros. Tognum was previously a division of DaimlerChrysler (now Daimler) called MTU Friedrichshafen, but was sold off to the EQT investment group when DaimlerChrysler got too caught up with trying to sort out Chrysler and was unable to give MTU Friedrichshafen the attention it needed. This was back in 2005. Kind of like like Proton selling off MV Agusta actually.